Entry/Exit Signals

Entry signals are given when price tests the upside deviation or the downside deviation point. This means all entries are executed as limit orders - the entry price is known before the signal is actually given.

When price tests the downside deviation point (green line) a long signal generates. When price tests the upside deviation point (red line) a short signal generates.

The image above shows a long position entered and exited.

The image above shows a short position entered and exited.

Exits

All exits take place at the close of the candle that the entry occurred. Simply, if a position is opened, the candlestick the position was opened on will also be the candlestick the position is closed on. For instance, if a long position is opened on a 30-minute candlestick, as soon as that 30-minute candlestick closes the long position will be closed, whether profitable or not!

Of course, this is just how Wick Slicer IQ operates as an automated system. The trader can choose to use Wick Slicer IQ as a trading tool, and exit positions how they please. From testing and observation - there are certainly opportunities to capitalize on strong reversals after Wick Slicer enters a position!